Etsy Prices IPO at $16 Per Share, Valuing Company at $1.78 Billion

April 16, 2015 12:33 AM

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Etsy has priced its initial public offering at $16 per share, a price that values the online marketplace at $1.78 billion. The price is the top end of the company’s proposed range. The company, known for selling handcrafted and vintage goods and apparel, will begin trading shares on Nasdaq tomorrow morning with the ticker symbol “ETSY.”

The company has taken the unusual step of setting aside a share participation program for its sellers.